A lack of investment in oil projects will likely come back to bite the energy market, the CEO of one of the world's largest sovereign wealth funds told CNBC. "When you look at the investments in exploration projects all over the world … It has been depleted, and I believe...
Another step in the ongoing decarbonization of fossil fuels. The Belridge oil field in the San Joaquin Valley of California has produced about 1.7 billion barrels of heavy crude since its discovery in 1911. Thanks to advances in solar power, its next 500 million barrels will be a little bit...